Is Ponte Vedra, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Ponte Vedra has remained a Seller's Market.
Key Takeaway
Ponte Vedra is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ponte Vedra, FL
How much do homes in Ponte Vedra, FL cost?
Median Sold Price
$767,585
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ponte Vedra have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Ponte Vedra was $767,585 in May 2024, up 9.2% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $242.5K | -1.0% |
| 2 Bedrooms | $450K | $485K | +7.8% |
| 3 Bedrooms | $634.4K | $689.6K | +8.7% |
| 4 Bedrooms | $857.7K | $947.1K | +10.4% |
| 5+ Bedrooms | $1.3M | $1.4M | +7.7% |
Summary: Ponte Vedra housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
| Ponte Vedra Beach | $830.4K | $971.2K | +17.0% |
| Ponte Vedra | $702.6K | $767.5K | +9.2% |
| Jacksonville East | $340.1K | $355.4K | +4.5% |
| Jacksonville Beach | $632.8K | $639.7K | +1.1% |
| Jacksonville Beaches | $605K | $604.1K | -0.1% |
Housing Supply in Ponte Vedra, FL
How many homes are available in Ponte Vedra, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 717 | 760 | +6.0% |
Summary: The Ponte Vedra real estate market had 760 homes for sale in May 2024, a 6.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 21 | +5.0% |
| 2 Bedrooms | 108 | 117 | +8.3% |
| 3 Bedrooms | 216 | 240 | +11.1% |
| 4 Bedrooms | 255 | 261 | +2.4% |
| 5+ Bedrooms | 118 | 121 | +2.5% |
Summary: The Ponte Vedra housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 2.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 142 | 139 | -2.1% |
Asking Price vs. Sold Price
101 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ponte Vedra, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 139 homes were sold or pending in Ponte Vedra in May 2024, down by 2.1% month-over-month. Of the 139 sold homes, 73% were sold under asking, 19% were sold at asking, and 8% were sold over asking.
Days on Market for Ponte Vedra, FL
How long does it take to sell a home in Ponte Vedra, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 56 Days | 62 Days | +10.5% |
Summary: Homes in Ponte Vedra had an average of 62 days on market in May 2024, up by 10.5% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
47 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ponte Vedra are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 139 homes were sold in Ponte Vedra; 47% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.